Maize Oil Market Driven by Demand for Low-Calorie Oil

Maize oil is oil extracted from the germ of maize. Its main use is in cooking, where its high smoke point makes refined corn oil a valuable frying oil. It is also a key ingredient in some margarines. Maize is a food and feed crop. The maize or corn oil is used for cooking purpose as well as in bio-fuel. In addition, the by-product is used as fertilizer and animal feed. Due to its diversified uses, the demand for maize oil is rising. The oil is used for salad dressing, as cooking oil and as a key ingredient in margarine. It is also used in food service industries.

Maize oil is also a feedstock used for biodiesel. Other industrial uses for maize oil include soap, salve, paint, rustproofing for metal surfaces, inks, textiles, nitroglycerin, and insecticides. It is sometimes used as a carrier for drug molecules in pharmaceutical preparations.

The global Maize oil market is segmented by application as household usage, agricultural usage and industrial usage. Geographically, market can be segmented into North America, Europe, Asia Pacific and Rest of the World.

The key drivers of growth in this market are greater usage of maize oil in cooking in urban areas, demand for low-calorie oil and growing health concerns among consumers in emerging countries. Agronomist has developed high-oil varieties of maize or corn which is extremely low in calorie than others and makes perfect frying oil for health conscious people. Some of the restraining factors could be Government regulations on labeling, manufacturing and selling of the oil.

The Maize oil market globally is expected to grow with a significant single digit CAGR over the period of 2013- 2019. Maize oil is easy to digest and is beneficial to health. Health conscious people prefer using maize oil over other edible oils having high amount of saturated fatty acid. With rising literacy level in emerging countries, households are undergoing tremendous changes in consumption patterns.

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Some of the key players in Maize oil Market are RPMG, Inc., Neshiel Chemical Pvt. Ltd., Soyyi?it Group, Cargill Inc among others.

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The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
• Middle East and Africa (GCC, Southern Africa, North Africa)